https://www.taxtmi.com/caselaws?id=406255 The Tribunal dismissed the revenue's appeal, affirming the CIT (A)'s decision to exclude investments not yielding exempt income in calculating disallowance under Section 14A of the Income Tax Act, 1961. It upheld that only investments generating exempt income should be considered for the disallowance calculation, in accordance with past judicial decisions and legal provisions. en-us Tue, 16 Feb 2021 00:00:00 +0530 Sat, 10 Apr 2021 09:02:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406255 The Tribunal dismissed the revenue's appeal, affirming the CIT (A)'s decision to exclude investments not yielding exempt income in calculating disallowance under Section 14A of the Income Tax Act, 1961. It upheld that only investments generating exempt income should be considered for the disallowance calculation, in accordance with past judicial decisions and legal provisions. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406255